The bench posted the matter to September 29 for further hearing.
On February 27 this year, the Ministry of Corporate Affairs directed the SFIO to investigate not only into the affairs of Karvy and its group companies but also nine other entities.
The judge directed the Ministry and the SFIO not to take any steps till the court passes its order in the case.
Karvy, in its affidavit, contended that the Ministry of Corporate Affairs has taken the decision without following due process of law, without doing proper enquiry.
On its part, Karvy challenged the MCA order in High Court on Tuesday, but its petition was dismissed and now it is expected to file a fresh petition on Wednesday.
On its part, Karvy challenged the MCA order in High Court on Tuesday, but its petition was dismissed.